Product details

By continuing to use our site you consent to the use of cookies as described in our privacy policy unless you have disabled them.
You can change your cookie settings at any time but parts of our site will not function correctly without them.
Management article
-
Reference no. 94102
Authors: Bernard Avishai
Published by: Harvard Business Publishing
Published in: "Harvard Business Review", 1994

Abstract

Today''s managers feel that a once clear separation between public and private sectors has broken down. Specifically, managers are spending heavily on education and training and wondering if this is their responsibility. In answering this question, the author looks back to Adam Smith''s "The Wealth of Nations" and industrial capitalism''s first social compact. As work became increasingly simplified under what Smith called the division of labor, the level of education that management required of its workforce declined. According to Smith, business managers were only responsible for providing the most rudimentary elements of education. Avishai goes on to examine business''s social contract in a competitive environment that has superseded the division of labor. In the foreseeable future, virtually every business will focus on continuous learning and will therefore have both an obligation to support teaching and an opportunity to profit from it.

About

Abstract

Today''s managers feel that a once clear separation between public and private sectors has broken down. Specifically, managers are spending heavily on education and training and wondering if this is their responsibility. In answering this question, the author looks back to Adam Smith''s "The Wealth of Nations" and industrial capitalism''s first social compact. As work became increasingly simplified under what Smith called the division of labor, the level of education that management required of its workforce declined. According to Smith, business managers were only responsible for providing the most rudimentary elements of education. Avishai goes on to examine business''s social contract in a competitive environment that has superseded the division of labor. In the foreseeable future, virtually every business will focus on continuous learning and will therefore have both an obligation to support teaching and an opportunity to profit from it.

Related